GSBC.NASDAQGreat Southern Bancorp, INC

Form 4: Great Southern Bancorp Director Acquires Stock Options

Sentiment:

SEC Form 4 Filing

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Director William V. Turner acquired stock options and has updated his beneficial ownership of Great Southern Bancorp stock.

Summary

  • William V. Turner, a director at Great Southern Bancorp, has reported changes in his beneficial ownership.
  • The changes include the acquisition of new stock options and the reporting of existing holdings.
  • Turner now directly owns 210,112 shares of common stock.
  • He also indirectly owns 9,153 shares through a 401(k) plan.
  • Turner acquired options to purchase 1,950 shares at $61.79 each, vesting over the next 10 years.
  • These options are in addition to previously granted options with various vesting schedules and exercise prices.

Sentiment

Score: 6

Explanation: The document is a routine filing and does not contain any information that would significantly impact sentiment. The acquisition of options is a normal part of executive compensation.

Positives

  • The acquisition of new stock options by a director could be seen as a positive sign of confidence in the company's future.
  • The director's continued ownership of a significant number of shares demonstrates alignment with shareholder interests.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is common in the financial industry.

Comparison to Industry Standards

  • Similar filings are regularly made by directors and officers of publicly traded companies, such as those in the banking sector like Bank of America (BAC) or JPMorgan Chase (JPM).
  • The vesting schedules and option prices are typical for executive compensation packages in the financial industry.
  • The reporting of both direct and indirect ownership is standard practice for SEC filings.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the director's ownership and alignment with their interests.
  • The stock option grants may incentivize the director to work towards the company's long-term success.

Key Dates

DateDescription
10/24/2018First vesting date for 1,500 shares at $41.3.
10/24/2019Second vesting date for 1,500 shares at $41.3.
11/15/2019First vesting date for 1,500 shares at $52.2.
10/24/2020Third vesting date for 1,500 shares at $41.3.
11/15/2020Second vesting date for 1,500 shares at $52.2.
11/28/2020First vesting date for 1,750 shares at $55.
10/24/2021Final vesting date for 1,500 shares at $41.3.
11/15/2021Third vesting date for 1,500 shares at $52.2.
11/20/2021First vesting date for 1,750 shares at $60.15.
11/28/2021Second vesting date for 1,750 shares at $55.
10/26/2022First vesting date for 1,875 shares at $41.74.
11/15/2022Final vesting date for 1,500 shares at $52.2.
11/20/2022Second vesting date for 1,750 shares at $60.15.
11/28/2022Third vesting date for 1,750 shares at $55.
10/26/2023Second vesting date for 1,875 shares at $41.74.
11/17/2023First vesting date for 1,938 shares at $57.98.
11/20/2023Third vesting date for 1,750 shares at $60.15.
11/28/2023Final vesting date for 1,750 shares at $55.
10/26/2024Third vesting date for 1,875 shares at $41.74.
11/16/2024First vesting date for 1,950 shares at $61.55.
11/17/2024Second vesting date for 1,938 shares at $57.98.
11/20/2024Date of the reported transaction and final vesting date for 1,750 shares at $60.15.
10/26/2025Final vesting date for 1,875 shares at $41.74.
11/15/2025First vesting date for 1,950 shares at $53.22.
11/16/2025Second vesting date for 1,950 shares at $61.55.
11/17/2025Third vesting date for 1,937 shares at $57.98.
11/15/2026Second vesting date for 1,950 shares at $53.22.
11/16/2026Third vesting date for 1,950 shares at $61.55.
11/17/2026Final vesting date for 1,937 shares at $57.98.
11/15/2027Third vesting date for 1,950 shares at $53.22.
11/16/2027Final vesting date for 1,950 shares at $61.55.
11/15/2028Final vesting date for 1,950 shares at $53.22.
11/20/2026Expiration date for options granted on 11/20/2024.
11/20/2027Expiration date for options granted on 11/20/2024.
11/20/2028Expiration date for options granted on 11/20/2024.
11/20/2029Expiration date for options granted on 11/20/2024.
10/24/2026Expiration date for options granted on 10/24/2018.
11/15/2027Expiration date for options granted on 11/15/2019.
11/28/2028Expiration date for options granted on 11/28/2020.
11/20/2029Expiration date for options granted on 11/20/2021.
10/26/2030Expiration date for options granted on 10/26/2022.
11/17/2031Expiration date for options granted on 11/17/2023.
11/16/2032Expiration date for options granted on 11/16/2024.
11/15/2033Expiration date for options granted on 11/15/2025.
11/20/2034Expiration date for options granted on 11/20/2024.
11/22/2024Date of the signature on the form.

Keywords

stock options, beneficial ownership, director, SEC Form 4, Great Southern Bancorp, GSBC, equity securities

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